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TMI Blog2014 (8) TMI 451X X X X Extracts X X X X X X X X Extracts X X X X ..... be eligible cenvatable service or not - Held that:- definition of input service, as contained in Rule 2(l) of Cenvat Credit Rules, allows credit in respect of services which are used in relation to activities relating to business, such as accounting, auditing, financing etc. The expression “such as” has been subject matter of various decisions and it stand held that the same is inclusive and not e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pondent. After hearing both the sides I find that appellant is a manufacturer of aluminium castings for parts of motor vehicles and availed the services of Kapsons Associate Pvt. Ltd. for the purpose of getting loan from a bank and in that connection, Kapsons Associate Pvt. Ltd. raised invoices on the applicant for the service charge along with service tax paid under the business auxiliary ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ilized by them for the purpose of arranging loan and therefore, the credit taken is regular. 3. Learned SDR reiterates the finding and reasoning of the Commissioner (Appeals) and submits that the applicant has not furnished the detail as to the purpose for which the loan taken was utilized so as to determine whether the services relate to business activity of the applicant. 4. I have conside ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is to be seen as to whether without obtaining the said service, it was possible for the service recipient to conduct his business or not. Admittedly finance is required for running of business and the services of loan broken, which stand utilized for procurement of such finance has to be held to be in relation to business activities. The issue was considered by the Larger Bench decision of the Tri ..... X X X X Extracts X X X X X X X X Extracts X X X X
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